Consumer Legal Funding, in its various forms, is pretty mundane. It covers living expenses, such as rent, food, clothes and keeping the lights on. It might even enable a family to provide Christmas or birthday gifts for their children. In every case, its sole purpose is to help individuals and families alleviate the cash-flow problems […]

“We are very pleased that the Minnesota Supreme Court took its time in rendering a thoughtful decision in this matter and, once again, held that the consumer legal funding contract at issue was enforceable. The decision is consistent with what courts and legislatures have said across the country, that this product is not a loan and […]

In a recent 60 Minutes piece on Litigation Funding they discussed both Commercial Litigation Funding; where the funds are used to pay for the legal/litigation process, and Consumer Legal Funding; where the funds are provided to the consumer for their household needs, such as rent, mortgage and putting food on the table. One of the […]

Allstate is under fire from Georgia regulators for using a loophole in Georgia law allowing them to raise insurance rates 40%. Not only is Allstate raising their rates, but they are also dragging out claims for years. Check out the story for yourself. Allstate is taking advantage of insurance loophole, Georgia Insurance Commissioner says This […]

In the movie with John Wayne and James Stewart there is a famous line at the end of the movie, “When the legend becomes fact, print the legend” In other words when fiction becomes fact, print the fiction. That is what is happening with the insurance industry when they are talking about Consumer Legal Funding […]

A1270-A will eliminate Consumer Legal Funding from the State of New York A1270-A eliminates this key, and much needed, financial assistance from the consumer of New York. It makes it cost prohibitive for the companies offer it to the much-needed consumers of New York. Consumer Legal Funding allows New York consumers to get the fair, […]

Consumer Legal Funding for Plaintiffs AND MONEY MANAGEMENT On this episode of Cut to the Chase:, we bring back Eric Schuller from Alliance for Responsible Consumer Legal Funding (ARC) and Tara Alderete from Money Management International (MMI)I to go over some potential financial assistant for Plaintiffs who have a viable case and need some money […]

What You Should Know About Insurance in the U.S. Submitted by Gain Servicing/ Cherokee Funding In their commercials, insurance companies are portrayed as reliable, friendly and funny. But they are hardly the characters we have come to know them by. From Dennis Haysbert for Allstate to Brad Paisley and Peyton Manning for Nationwide, to LiMu […]

In this episode of Cut to the Chase:, Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding explains the mechanics of Consumer Legal Funding, sometimes called litigation funding for clients who might be struggling financially while their lawsuit is ongoing.   Different then litigation finance that helps cover the costs of litigation, this type […]

Submitted by: High Rise Financial When an accident leaves you injured and unable to work, your bills can quickly pile up. A personal injury lawsuit could take months to settle. How are you supposed to get by in the meantime? You may be wondering whether or not pre-settlement funding is right for your situation. If […]

As we put 2020 in our rear-view mirror, let us look at what took place in the space of Consumer Legal Funding. The American Bar Association (ABA) adopted the Best Practices for Third-Party Litigation Funding. In it, the ABA lays out a set of guidelines that attorneys should follow when working with Consumer Legal Funding […]

On August 3, 2020 the American Bar Association House of Delegates passed resolution 111A by a vote of 366-10, regarding the “Best Practices for Third-Party Litigation Funding”. The Best Practices addressed Consumer Legal Funding, Commercial Litigation Finance and Attorney Funding. In reviewing the Best Practices for Consumer Legal Funding, ARC and its members made the […]

According to Investopedia: “Paycheck to paycheck is an expression used to describe an individual who would be unable to meet financial obligations if unemployed because his or her salary is predominantly devoted to expenses. Persons subsisting paycheck to paycheck have limited or no savings and are at greater financial risk if suddenly unemployed than individuals who have amassed […]

As the 2019 Legislative Session begins, we want to take a look at what is the best way to regulate Consumer Legal Funding. Over the past few years, the states have introduced several pieces of legislation with the aim of regulating Consumer Legal Funding. Rather than simply introduce capricious regulations, legislators should familiarize themselves both […]

  In a recent article in Property Casualty 360 titled “Risk-based pricing remains the best option for consumers”, the leading advocate for the Property Causality Insurance industry stated that the best option for consumers is to have their insurance rates based on the probability that they will have an insurance claim, i.e. “Risk-Based Pricing”, and […]

I buy a ticket to see Bruce Springsteen for $150 and then resell it for $350. Why am I able to do this? Because the face value of a Springsteen ticket is artificially low. Bruce could set a higher price, but chooses not to. It’s a noble yet futile effort on his part to go […]

On May 16th, 2018 the New York Senate Standing Committee on Consumer Protection will take up the issue of Consumer Legal Funding or Lawsuit Lending as it is posted in the Committee Calendar. This is an important issue for the consumers of New York in that it could aid in determining how the State of […]

President Andrew Jackson once said “The duty of government is to leave commerce to its own capital and credit as well as all other branches of business, protecting all in their legal pursuits, granting exclusive privileges to none.”  We agree. What is amazing is that opponents of Consumer Legal Funding are trying to impose rate […]

When I sat down to contemplate the real meaning of Thanksgiving, I realized the holiday means so many different things to different people. Personally, and for those who are lucky enough to be healthy and employed, it means that children are home from school, homes are decorated with fall décor and holiday shopping begins. Days […]

  According to CNBC 78% of full-time workers said they live paycheck to paycheck, up from 75% last year. In addition 56% of those polled said they were in over their heads with debt and have saved less than $100 per month for emergency’s. The story went on to say that even those making over […]

Provident Litigation Finance, the only Tennessee-based provider of Consumer Legal Funding, announced today it is shutting down its services for Tennessee consumers as harsh state regulations take effect. Provident was started in 1999 by Nashville resident Dan Cleary, who personally ran the business ever since, serving more than 10,000 Tennesseans. Cleary was the largest provider […]

By Tina Burns of Albertville, who used consumer legal funding after an accident As published in The Birmingham News and on AL.com Imagine having your life change forever in an instant by a distracted driver. Then to have the insurance company drag out your claim so you not are able to take care of your […]

Joe Williams testified today before the Texas House Judiciary & Civil Jurisprudence Committee. He lives in Cypress, Texas. This is the text of what he told legislators. Good afternoon, my name is Joseph Williams. Over here is my wife Laurie Williams and my step-son David Godbold. Our lives changed forever on November 15, 2013. That […]

In a bipartisan and overwhelming 47-2 vote, the Indiana Senate approved SB 373, a bill championed by Senator Randall Head (R-Logansport) along with co-sponsor Senator Michael Young (R-Indianapolis) and Senator Greg Taylor (D-Indianapolis). SB 373 creates a robust set of consumer protections for Indiana consumers who use consumer legal funding to help make ends meet, […]

Working Louisianans spend a majority of their time away from home.  Earning an honest wage to help pay for such daily necessities as food, housing and transportation.  As times are changing and inflation is rising, the dollar has never been stretched so thin. Kirk from Breaux Bridge, Louisiana was a hardworking Louisianan who did his […]

In recent weeks, a special interest-funded outfit called “Illinois Lawsuit Abuse Watch” has started placing misleading editorials in Illinois-based newspapers about the consumer legal funding industry. This should be a warning to all Illinois consumers that having been turned back in state legislature after state legislature around the country, the moneyed Washington, DC interests have […]

The U.S. Chamber of Commerce spent over $25 million dollars on lobbying efforts in the first quarter of 2014 and is on pace to spend well over $100 million dollars in total by the end of the year.  Of the $25 million dollars spent this quarter, the Institute for Legal Reform spent $6.2 million dollars. […]

The U.S. Chamber of Commerce wants nothing more then for the entire consumer legal funding industry to vanish from Illinois.  In the current session at the Illinois State House, the U.S. Chamber of Commerce is attempting to persuade legislators that price control regulations along with other regulations disguised as “consumer-friendly” measures are a must to […]

Back in the day the U.S. Chamber of Commerce was a true association for all businesses to join as one voice to advocate for free market principles against overreaching Government types who wanted to regulate businesses to their death.  Now the U.S. Chamber of Commerce is nothing more than a $200 Million a year lobby […]

My name is Dan Cleary, and I am the owner of Provident Litigation Funding, Inc., a pre-settlement funding company founded in Nashville in 1999 that has operated in Tennessee for almost 14 years. Should HB 1242 be passed into law tomorrow, I will have to close my doors and cease doing business the day the […]

The Insurance industry and the U.S. Chamber of Commerce want you to believe Lawsuit lenders avoid most state oversight and regulations by categorizing their services as “investments” instead of “loans.” The Facts Are: Consumer Legal Funding is NOT a loan.  A loan has a guarantee of repayment, which a consumer legal funding agreement does not. […]

If it were up to big insurance conglomerates like State Farm or D.C. advocacy groups like the U.S. Chamber of Commerce, the business of consumer legal funding would not exist in Tennessee.  In fact, there is legislation pending in the Tennessee legislature that would do just that, shut down the consumer legal funding industry for […]

Over the past couple decades, insurance companies have increased their aggressive tactics of delaying their own customer’s settlements over injury claim payments.  This tactic is used as a tool for large insurance companies in the hopes a claimant will be forced to settle for far less than a fair market value for their injury claims.  […]

In January, the Indiana House passed House Bill 1205 (HB-1205).  Contained within the bill are a series of anti-free-market and industry killing regulations that would impact the consumer legal funding industry.  Regulations so severe, it would most certainly send the consumer legal funding to its grave in Indiana.    Now as HB-1205 heads to the […]

In a recent op-ed published in the Tennessean, the U.S. Chamber of Commerce’s own Thurbert Baker kept the drum beat rolling for large insurance group’s attack on the consumer legal funding industry.  Within the op-ed, Thurbert continued to mask the truth about the consumer legal funding industry and continued to push for anti-free market price […]

At a recent Tennessee Legislative hearing regarding consumer legal funding, the NFIB surprisingly joined the U.S. Chamber of Commerce and large insurance conglomerates spreading myths about the consumer legal funding industry.  At one point in their “presentation” the NFIB claimed that 77% of their members would like to see the consumer legal funding industry “banned” […]

One of the arguments the Big Insurance industry is making as to why they need to put the Consumer Legal Funding Industry out of business is; “because of its existence it drives up insurance rates.” Let’s take a look at the facts, something they don’t like to do. According to the Tennessee Department of Safety […]

If it were up to big insurance companies, such as State Farm, and the U.S. Chamber of Commerce, the business of consumer legal funding wouldn’t exist in Mississippi.  When consumer legal funding began providing services in Mississippi, consumers finally had an alternative to cowering to big insurance company’s delay tactics and low-ball settlement offers for […]

After remaining silent for years on the subject of consumer legal funding, why is the U.S. Chamber of Commerce, which describes itself as an organization devoted to free enterprise, aggressively using all of its might to regulate consumer legal funding out of business? Simple.  In 2012, Ed Rust, CEO of State Farm Insurance, became Chairman […]

For far too long, big insurance companies have been preying on financially desperate consumers in Alabama to help pad their billion dollar ledger sheets. By delaying the settlement process for automobile claims, big insurance increases their chances of settling with a consumer for pennies compared to the fair market value of an injury claim.  It […]

The U.S. Chamber and Big Insurance: Leaving South Carolina Consumers in the Cold If it were up to big insurance companies and the U.S. Chamber of Commerce, consumer legal funding would just disappear in South Carolina.  When consumer legal funding began providing services in the Palmetto State, consumers had an alternative to big insurance companies’ […]

Cornell Study Highlights Flaws of Chamber’s Survey of State Liability Theodore Eisenberg, a Professor at Cornell Law School, in a 2009 study, questioned the validity of the U.S. Chamber of Commerce’s Survey of State Liability.  The study, which was entitled, U.S. Chamber of Commerce Liability Survey: Inaccurate, Unfair, and Bad for Business , hits hard […]

Big insurance wants you to believe consumer legal funding is some monstrous organization that doesn’t care about the consumer.   Of course these are only desperate words being used by big insurance to try and protect their decades old strategy of deliberately delaying injury claims in hopes of settling for a less than fair market value […]

According to the Merriam-Webster Dictionary, a free market is defined as “an economic market or system in which prices are based on competition among private businesses and not controlled by a government.”    Tom Donohue, President and CEO of the U.S. Chamber of Commerce “seems” to agree with this philosophy in a recent op-ed stating, […]

According to an Allstate Financials Life Tracks Poll, nearly half of all Americans live paycheck-to-paycheck.  They rely on those paychecks to cover their essential monthly bills, with minimal-to-no money left over for anything else.  At a time where every household dollar counts, the family budget in America has become very fragile. Moms and Dads who […]

As the deep-pocked and powerful opponents of consumer legal funding “forum shop” from state-to-state attempting to silence the right of citizens to seek a fair and just settlement when they are injured, residents of Missouri have every reason to be on high alert. It’s time for residents and policy-makers in “The Show-Me State” to demand […]

In a recent Wall Street Journal article, Harold Kim, executive vice president at the U.S. Chamber of Commerce’s Institute for Legal Reform claimed, “The [consumer legal] funders add a lot of waste to our legal system.” Tell that to a former EMT and firefighter from Lebanon, Tennessee named Sharon. She suffered significant injuries in an […]

Ted is like most Americans.  He works hard to provide for his family.  However, life sometimes throws a curve-ball and temporarily limits one’s ability to fully provide for their family.  In the case of Ted, an hourly worker from Illinois, an on-the-job shoulder injury limited his ability to work full time.  Through some workman compensation […]

Meet Robyn – “Forever Grateful”  Funding lives, not lawsuits.  Consumer legal funding is about funding people and funding lives. Not lawsuits.  Consumer legal funding can often be the only financial lifeline that exists for a citizen awaiting resolution of a legal claim or settlement. That was certainly the case for Robyn, a woman from Indiana […]